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lies about obama. and by that i mean that the core of his campaign, the core of his argument, obama promised to lower unemployment below 8%. not true. obama appeases, not true. obama went on an apology tour, not true. obama went to cut $5 billion off medicare. not true. a lot of his key arguments and of course the jeep ad at the end which has been declared the number one lie of the year. >> the one that offends me the most is the apology tour. it's foundational. he's putting that down in the ground. and i want to get joan in here. he puts that down and says sort of his takeoff platform. he's apologizing but i'll be a robust patriot. i'll defend america against anything foe or friend because i'm a real american. and this guy because he recognizes we live in a world of other countries that are decent countries. they're not all the enemy out there. this right wing attitude it's just us or just us and israel against all these evil third world people and they're just crazy about that. it's so dangerous. >> to finish this point for one second. the thing is -- and this is what ornstein was
evening, everyone, i'm larry kudlow, and welcome to the "kudlow report." president obama calls for compromise. he has an urgent plea to extend the tax cuts in the next ten days. he's basically calling for a stopgap bill that will avoid tax hikes on 98% of americans. he's willing to waiten o the rest. >>> meanwhile, stocks had a fiscal cliff selloff. but even a deal in january for the cliff is going to be all right if you ask me. and today's economic numbers pretty darn good. and the gun control debate heats up again today after a controversial nra news conference in washington. the "kudlow report" begins right now. >>> all right. let's first look at the market reaction to this fiscal cliff stuff. jackie joins us with the details. good evening, jackie. >> good evening to you, larry. while markets finished lower on the day, they were higher on the week. the dow up about .5%, the nasdaq higher by 1.7%, and the s&p 500 up by roughly 1.2% over the last five days. meantime in terms of sector performance, the financials, they had a rough day. the plan "b" proposal for the fiscal cliff
's start with this. president obama and his republican opponents are about to go over niagra falls in a barrel, but nobody knows for shush how bad it's going to be. will the economy smash on the rocks below? will the stock market plunge a thousand points and keep on dropping? will the world money watchers see the u.s. drowning in its own dysfunction? or will obama and the dead-end opposition it faces be saved by the public's horribly low expectations of what they can do? what will prove stronger for obama and boehner? the barrels they're riding in or the power of niagra falls itself? joining me now is politico's jonathan ryan. how about an answer on that one? what's going to protect these guys more? the low expectations people have about them getting anything done or failing to do what they set out to do. they all set the deadline. they have the -- what do you call it. the stakes are clear, the payroll taxes, income taxes, you name it. they put it all together. and if they blow it, who's going to get hurt the most? >> well, i think the republicans right now are hammering themselves
starting with a surprise obama-boehner white house meeting on the fiscal cliff. we also have big changes in the obama cabinet, and more wild gyrations in the stock market. first, eamon javers is on capitol hill. good evening. >> good evening, larry. it was a showdown at the white house between the speaker and the president of united states. i'll bring you all the details here on who was inside that room over at the white house today. >> all right, thank you. >> and there was a twist this afternoon from president obama's favorite for secretary of state. ambassador susan rice withdraws her name from the running. i'll tell you coming up what lead her to make the decision. >> and i'm jackie deangeles. ongoing jitters over the fiscal cliff continue to keep the markets on edge. the decline is all across all ten s&p sectors. "the kudlow report" starts right now. >>> first up, we begin with breaking news out of washington tonight with just 18 days until the country's economy falls off the tax and fiscal cliff, turns out president obama and house speaker john boehner have just wrapped up a surpri
for president obama, but words from a president past could offer a new path forward. the lbj connection. >> white house history is my favorite. all that and my spoken word on why another past president had reason for holiday cheer. grab some cocoa. you are in the cycle. >> if you thought the fiscal cliff was a joke, listen to this, john boehner just 45 minutes ago. >> republicans ton to work towards avoiding the fiscal cliff. the president's offer of $1.3 trillion in revenues and $850 billion in spending reductions fails to meet the tests that the president promised the american people a balanced approach. i hope that the president will get serious soon about providing and working with us on a balanced approach. tomorrow the house will pass legislation to make permanent tax relief for nearly every american. 99.81% of the american people. then the president will have a decision to make. he can call on senate and democrats to pass the bill or he can be public superior the largest tax increase in american history. . >> that is all john boehner had to say before walking out. even reporters
before the deadline, president obama meets with congressional leaders today in hopes of reaching a compromise. >>> and less dairy for your dollar. without action by congress by new year's day, milk prices could skyrocket. >> if we want to continue to eat, the bill needs to be passed. that's where we get our food, people. captioning funded by cbs >>> this is the "cbs morning news" for friday, december 28th, 2012. good morning. good to be with you. i'm duarte geraldino. this afternoon president obama will meet with congressional leader to try to come to a deal to avoid the so-called fiscal cliff. they've been called into a sunday evening session just in case some deal can be reached. boehner is expected to attend the white house meeting but he's made it very clear. the next move is up to the senate. tara mergener has more. >> good morning, duarte. both sides say they are eager to talk and ready to strike a deal. the fiscal cliff is still a few days away, but business owner don carlino says he's already feeling the impact. >> a lot of our customers are holding back, they're apprehen
president obama who had been concerned that they were not going to act and challenging them for an up and down vote said he was optimistic. here's the president after that meeting. >> i just had a good and constructive discussion at the white house with senate and house leadership about how to prevent this tax hike on the middle class and i'm optimistic we may still be able to reach an agreement that can pass both houses in time. >> now what would be in that mini deal? we're talking about tax increases for people at near the top of the income scale. the question is the threshold, 400 or $500,000 are the likely places that that could end up. it would likely turn off the automatic sequester by using some of the revenue from the tax increases to account as budget cuts and turn off they is quester and it would also extend unemployment benefits and do the so-called doc fix to prevent reimbursements from declining and also have a milk fix, michelle that would prevent the doubling of milk prices which would occur without an extension of subsidies. >> why aren't people more optimistic? i have
people. that proposed almost $3 trillion in spending cuts. president obama's last offer, the one that the republicans rejected, was less than $1 trillion in spending cuts. we checked. that would be less than 2% of the $44 trillion the government will spend over the next decade. again, is that the best democrats can do? 2% of all the spending over the next decade? >> you know, this conversation means exactly what is wrong in washington. i mean, just listen to the conversation you just had. it is he said/she said, blame the other guy. and, look, i tried to be constructive here and lay out an actual plan to get us nearly $4 trillion, by taking the offers that are on the table. speaker boe president were so close and then speaker boehner went off on plan b. i never understood why. had no prospect of succeeding. it did not succeed, even in his own caucus. but now -- >> you are not answering my question. >> yes. because i'll tell you, something, because we only have nine days left here. when are we going to get serious about actual solutions? i would welcome john to tell me, he says he
in this morning's "washington post" -- president obama and senate leaders were on the verge of an agreement that would let taxes rise on the wealthiest households while protecting the vast majority of americans from tax hikes set to hit in january. welcome to the saturday edition of "and the washington journal." for the first 45 minutes of the program we are going to be talking about senate negotiating a fiscal clifts deal, what has been going on on that half of the capital. see what they are talking about and how things are going. we want to get your input and your part of the conversation. you can reach out to us on twitter. facebook, facebook.com/cspan. and you can send us an e-mail. this is more from the article, the lead story in "the washington post." they ride, the development marked a breakthrough after weeks of paralysis. joining us by phone is one of the authors of that article, and, laurie, welcome to the program. tell us, what kind of a deal did the president offered? what is new in the negotiations among the senators and between the senators and the white house? caller: there d
-profile one at that. she's known for being very close to president obama, a long-time friend and ally for the president. she's also known for being blunt. and for being aggressively intelligent. she is a rhodes scholar. she's stanford educated. she was on the national security council staff and served as assistant secretary of state in the clinton administration. she was unanimously confirmed in 2009 for the post she holds now as the u.n. ambassador. when hillary clinton made clearer than clear that she would not stay on for a second term as secretary of state, susan rice's name was floated basically immediately as a potential nominee for that job. hers was not the only name floated for that job, but her potential nomination was given new prominence and new political heat when republican senators, led by john mcguess who decided that the political traction they could not get before the election in attacking the president for the benghazi attack, they would try to get instead after the election by attacking susan rice for the benghazi attack. they attacked her specifically for going on
give that a try. good morning, everybody. i'm terrell morning. president obama and speaker john boehner have met trying to hammer out a deal on the fiscal cliff. the discussion was described as frank. the president is apparently holding firm on taxing the wealthy and there are signs of dissension among the republican ranks. susan mcginnis starts us off this morning. susan, good morning to you. >> hi. good morning, terrell. the two men met for less than an hour, and that's not an encouraging sign. neither of them spoke during the meeting but what we heard before and after is neither side is budging on their core decisions, this as time to make a deal grows shorter. house speaker john boehner made the short trip up pennsylvania avenue to the white house thursday to talk to president obama about the fiscal cliff. the tax hikes and spending cuts set to kick in january 1st. they met for nearly an hour. both sides describe the discussion as frank. >> i think speaker boehner has a contentious caucus. >> the president wants to pretend that spending isn't a problem. that's why we don't have an a
. >>> first up tonight is president obama and house speaker john boehner escalate their war of words, new signs the fiscal cliff talks are on the brink of collapse. chief washington correspondent john harwood joins us from washington with the details. i look away for two seconds, john, and everything's falling astart. >> it looked a couple of days ago as if the two sides were getting closer. when president obama had a news conference at the white house today, he came out to talk about gun control measures in the wake of the connecticut tragedy, but the questions were mostly focused on the fiscal cliff. the president said he couldn't understand why john boehner was detouring to plan b because the differences are narrow enough that they can still work it out. >> i've said i'm willing to make some cuts. what separates suss probably a few hundred billion dollars. the idea that we would put our economy at risk because you can't bridge that gap doesn't make a lot of sense. >> the smackdown from john boehner came shortly afterwards. it was short and sweet. he spoke for less than a minute and he
when president obama calls mitch mcconnell, bring the republican leader in the process. what happens now is very important. as sam said, they'll be negotiating today and over the weekend in the senate. and if this $250,000 comes to the floor, if a few republicans attach themselves to what reid and obama agree to, then that means when it pose gophers to the house it has a much better chance of attracting republican support. if mitch mcconnell aligns republicans and tells everyone to oppose it in the senate republican conference, the chances of it succeeding in the house are pretty low. >> sam, is this the end of the road for grover norquist and his pledge? >> it's odd because grover was the one sort of outside government institution on the conservative side who agreed with speaker boehner's plan "b" which would have allowed taxes to go up above $1 million in income. all the other conservative groups say no. i think grover's pledge, i don't know where it goes from here. obviously is doesn't have as much teeth as is it did because there are people who are willing to buck it. >> i think
after the end of the first term for president obama saying that she frankly just needed some rest. now unfortunately hospitalized for this blood clot. we will, as i said, keep you posted as we get more information. >>> meantime, the fiscal cliff stand-off in washington continues. at this late hour the senate and house of representatives both went into recess, still no deal. republican senate leader mitch mcconnell reached out to vice president joe biden to help reach an agreement. two men who have served as their party's closers, so to speak, on tough deals before. senate majority leader harry reid says he plans to have a plan up for a vote tomorrow morning. although there are serious differences on both sides. >> we're not going to have any social security cuts at this stage, it just doesn't seem appropriate. i still hold out hope we can get something done but i'm not overly optimistic but i am cautiously optimistic. >> republicans pushed back on claims by democrats that the social security benefit measurement, which is known as the chained cpi and basically would reduce the amount of
of florida, charlie crist joins us tonight. >>> president obama is campaigning and republicans are considering. will the president gain a small victory on taxes or a big deal. >>> and we have the annual list of the most notable quotes of the year, the verbal gaffes forever. the list is fool of bloopers like legitimate rape and etch-a-sket etch-a-sketch. let's see if you can guess which verbal stupble made the top of the list. >>> let me finish with the key percentages of the year. remember 1%? remember 8%? and, of course, 47%. this is "hardball," the place for politics. [ loud party sounds ] hi, i'm ensure clear... clear, huh? i'm not juice or fancy water. i've got nine grams of protein. that's three times more than me! [ female announcer ] ensure clear. nine grams protein. zero fat. in blueberry/pomegranate and peach. he opened up jake's very private world. at first, jake's family thought they saved ziggy, but his connection with jake has been a lifesaver. for a love this strong, his family only feeds him iams. compared to other leading brands, it has 50% more animal protein..
to have right now. it's obvious that president obama has a great affinity for ambassador rice. you can see that when he talks about her. he came to her defense in the last month quite a bit but i think there was a lot of concern about the timing and whether this was a fight that he wanted to have. he had said in his first, in his press conference following his re-election that if he thought she was the best person for the job, that he would nominate her but he went on to not pin himself in, not to make a decision, and some of the critics who were in the corner of susan rice say this may have actually sealed her fate. she ended up heading up to capitol hill trying to defend herself against her role immediately following what happened in benghazi and trying to explain that on behalf of the administration. when she went up to capitol hill to meet with lawmakers the visits backfired. they raised a lot of questions and she was there to try to answer them and try to assuage concerns, that was true with senator susan hollins of maine, a republican but a moderate and that was seen as very troublin
to get a deal passed by next friday, the last day congress is in session. president obama and house speaker john boehner know they have to reach agreement this week if there's to be a deal, which is why they met behind closed doors on sunday. spokesmen for both men say that lines of communication remain open with the president reiterating today that he's up for a big deal. >> i have said i will work with republicans on a plan for economic growth, job creation, and reducing our deficits. i'm willing to compromise a little bit. but if we're serious about reducing our deficit, we've also got to be serious about investing in the thiges that help us grow and make the middle class strong. >> as for speaker boehner, he continued his political posturing today with a statement. quote, the republican offer made last week remains the republican offer, and we continue to wait for the president to identify the spending cuts he's willing to make as part of the balanced approach he promised the american people. that said, an increasingly limber group of republicans are showing flekx 5eb89 on highe
their fiscal cliff counteroffer to president obama. does it actually have a chance though? will the president and congressional democrats just blow it right out of the sky? we'll break it all down. >>> plus the mississippi river in crisis. water levels dropped to historic lows threatening to bring commercial traffic to a halt and spike food prices. have you even heard about this? the head of one mississippi barge operator joins us whether a disaster can still be avoided. >>> would you sublet your name for an entire year? a bidding war breaks out for the right to one man's name. he is here to explain his bold idea and how he is cashing in. even when they say it's not it is always about money melissa: first let egg look at the day's market headlines. concern over the fiscal cliff bleeding into the u.s. manufacturing sector. factory activity in november declined for the first time in three months. the news weighted down stocks helping shed 59 points off the dow. the raw materials sector hit hard by the contraction in manufacturing. shares of dupont were the biggest loser closing down 2%. dell ge
in good faith and democrats are willing to concede part of the president obama move is he is willing to give in. the president and boehner came forward. >> we have to get through the next week. and get into a deal next year that is a major corporate tax reform pro poeposal and i thinkt what republican ares should do in this. because they are probably not going to get a lot in this. kick the can down the road. parameters. >> i don't love it, but if you put some. >> i'm going to be again one for one. >> one dollar revenue hike for one dollar spent is zero. >> but if you can get something next year, that will be significant. >> the increase in the budget deficit will be a lot in the next few years. >> that is the thing. you get over this hurdle as these ladies were saying, something is going to come out of that. and then you are going to come into more fiscal cliffs. we didn't cut spending so we are going bankrupt. so how is that going to work out? >> right. and that is what i was thinking as you guys were talking. kicking the can down the road. it is not going to work for markets or bu
this afternoon president obama will meet with congressional leader to try to come to a deal to avoid the so-called fiscal cliff. they've been called into a sunday evening session just in case some deal can be reached. boehner is expected to attend the white house meeting but he's made it very clear. the next move is up to the senate. tara mergener has more. >> good morning, duarte. both sides say they are eager to talk and ready to strike a deal. the fiscal cliff is still a few days away, but business owner don carlino says he's already feeling the impact. >> a lot of our customers are holding back, they're apprehensive. they're not committing to projects. they're waiting to see what happens with the fiscal cliff. >> hope is fact if congress can get it done before january 1st. even congressional leaders are skeptical. >> the american people have a right to be very upset with this congress. >> president obama has invited nancy pelosi, john boehner, mitch mcconnell, and harry reid to the white house this afternoon for a fiscal cliff summit. >> here we are five days from the ne
report says that president obama is considering the fashion magazine editor for the ambassador's post in london or paris. she's a top obama fundraiser, a celebrity. very well-plugged in on the left and she ran two big fundraisers for the president this summer. >> i'm anna wintour, and i'm so lucky in my work i'm able to meet some the most incredible women in the world. women like sarah jessica parker and michelle obama. stuart: anna wintour reportedly an absolute terror to work for. remember when she was played bye meryl streep in the devil wears prada. portrayed as a monster. >> what are you doing here. >> came to be a journalist and-- >> so you don't read runway. >> no he. >> and before today you had never heard of me. >> no. >> you have no style or sense of fashion. >> i think that depends on what you're-- >> no, no, that wasn't a question. >> oh, i think we should set her on the french. and remember when jon stewart from the daily show made fun of me for this? >> vogue editor anna wintour holds exclusive for-- >> stuart varney that's a little-- i go annoying the president is doing
, president obama is going to meet with the congressional leaders today . one of these meetings "i think lindsay graham saying these are usually dog and pony shows. either you have a deal done meetings that are called in the white house or it is just for show. what do you think? >> kelly: i talked to a bunch of congress people yesterday who said there is a group in the house. republicans in the house that said we can't raise taxes and we shouldn't raise them at all but can't do more than john boehner's plan b, and didn't go to a vote. >> one for million. icle >> it would raise you billion in revenue. they were not for it in the first place but maybe get something through if obama willing to cut. obama administration said if you pass it in the house and september passed it, obama would veto it anyway. they are so far apart. this i am flying back from hawaii and see if i can bring them back together. they are far apart as they have been. >> kelly: why are they having the meeting? because of the talk and rhetoric is ramping up and the agreement is going down. i mean, for example, senate maj
a deadly nerve gas. so the direct warnings president obama and secretary of state hillary clinton delivered to syria come as that country's ally, russia, signals that the use of chemical weapons is a red line for their own support for syria. joining me now is nbc's chief pentagon correspondent jim jim miklaszewski. a speech that really didn't have anything having to do with what syria, clearly there's intelligence on the ground that has u.s. officials concerned. >> reporter: that's right, chuck. all the latest intelligence indicates that the u.s., nato, and particularly the syrian people are really staring the worst case scenario directly in the face. just about the time rebel forces started to make significant advances in the capital da m damascus, u.s. officials tell nbc news that the assad regime informed its chemical weapons corps to get prepared. and just about that time, u.s. intelligence noticed a flurry of activity around several of the chemical weapons sites, an indication, perhaps, that the chemical corps is moving two precan cursor chemicals to the same locations to weaponize art
play out in the early part of 2013, what does it mean, the obama administration, the priorities they would like to see, it looks like the debt limit right now is very much this political football same as it was in 2011. >> thank you. i want to quickly bring in the panel because what you are saying brings me to a point that's been kind of bothering me about this whole discussion. republicans keep saying that what the democrats -- what the president sht bringing to the table are enough cuts, but they never seem to want to specify what those are. daniel had a piece in the "wall street journal" where he was talking about he wanted the republicans to be -- if we could put up that full screen. he said "republicans lost the election, but does that mean republicans have to help barack obama dismantle their party by letting its most basic conservative principles disappear into the beltway smoke and mirrors? why is it not possible for boehner or anyone else in this party to articulate for the dumbstruck public watching these dreadful cliff negotiations what the republican party stands for
" starts now. >>> tonight, team obama takes a big hit. susan rice drops out of the running for secretary of state after a bruising battle with critics like john mccain. >> she not only gave wrong information, but she gave the party line. >> now is john kerry a lock for state? >>> and the other big late story in washington, speaker boehner goes to the white house. how close are they now to a deal? rudolph giuliani is here to say a lot about these things. i'll ask him if america is getting more dangerous in the wake some of very shocking high-profile gun crime. >>> he was known as one of the west memphis three now damian ekles is adjusting to life as a free man. >> i was in a state of extreme shock and trauma. >> and how he survived 18 years on death row. >> it's absolutely nightmarish. >> this is "piers morgan tonight." >>> good evening, you're looking live at the white house where president obama has had one of those win some, lose some kind of days. the president and john boehner met for 50 minutes in a meeting being called frank. when basically translates to no deal yet. but the good n
, to also hurt president obama because he is also steer -- >> i agree. >> he's a guy who if the markets are tanking people look to the president and say, why don't you do something, get these guys to get on board -- >> i understand. >> -- and get it done. >> i think you're right. i think everybody gets hurt but mostly republicans. late today on the senate floor majority leader harry reid said what has become more and more obvious. the prospect of reaching a deal to avoid the fiscal cliff before january 1st is very unlikely. that's putting it lightly. let's watch. >> there's 435 members of the house. what goes on in this country shouldn't be decided by the majority. it should be decided by the whole house of representatives. the speaker just has a few days left to change his mind, but i have to be very honest, mr. president, i don't know timewise how it can happen now. >> well, that was plain. this afternoon senate minority leader mitch mcconnell said he wasn't willing to offer the white house a blank check just because we're on the edge of the cliff. take a look. >> last night i told th
would have a merlot, and obama would chew nicorette. >> you point outside in the book somehow when they took the official photo, both of those vanished. >> yes. they had iced tea there for obama. of course, boehner had his seg represent, and they put the cigarette in the ashtray away for the picture, but they have not closed the deal on the personal relations, and that's a shame. i think if somebody, instead of sponsoring your breakfast and all, sponsor a weekly dinner between obama and boehner and everyone would agree to pay for it and let them just talk and get to know each other and see, you know, it's -- >> how much -- >> oh, that's right. what do you think? >> i think that's a great idea. [inaudible] a special room. >> i'm not sure -- [inaudible] >> yeah, okay, but, well, you know, but, i, you know, personal relationships, when john was the fbi spokensman, he was not helpful, but you could talk to him, get him on the phone, and if you had a good story, he'd confirm it by laughing, a deep laugh meant you were on the right track. no laughter meant no. [laughter] >> now, it looks
of communication are open. we don't know what it is speaker baner and barack obama are hashing out behind closed doors but more republicans are gravitating to the idea of compromising on a tax rate increase so long as they can get what they want for spending and entitlement cuts. listen. >> those rates are going up. we either act now to keep them from going up from as many people as possible or they will go up on everyone. that's a disaster. let's recognize reality, take care of as many people as we can. >> meanwhile, you're right. the president was in detroit where he continued his outside-inside game of running a campaign-style effort to jin up popular support for the fiscal cliff. because he was in michigan he took a whack at the proposed legislation -- the so-called right to work legislation. listen to the president. >> these so-called right to work laws don't have to do with economics. they have to do with politics. [ cheers ] they're really talking about giving you the right to work for less money. >> obviously a pro union crowd there. a lot of folks from the uaw there in detroit. but the
declared war on its delegates. charlie crisp joins us here tonight. president obama is campaigning out there. and republicans are considering. the question is will the president gain a small victory on tarxes or a big deal. and we have the annualist, the most notable quotes of the year. the verbal gaps forever. let's see if you can guess which verbal stumble made the top of the list. finally, remember, 1%? 8%? of course, 47 pnt. this is "politics nation." the place for politics. lost your appetite for romance? and your mood is on its way down. you might not just be getting older. you might have a treatable condition called low testosterone or low t. millions of men, forty-five or older, may have low t. so talk to your doctor about low t. hey, michael! [ male announcer ] and step out of the shadows. hi! how are you? [ male announcer ] learn more at isitlowt.com. [ laughs ] hey! is a thrilling, dual-flavored ride to mouth fun-town. but it's not like everyone is going to break into a karaoke jam session. ♪ this will literally probably never happen. this reduced sodium soup says it may h
to the death tax. six of the wealthiest estates are the difference between what president obama warrants and jon kyl wants, $119 billion over ten years. for those 600,000 estates to give $119 billion away and instead take it out on cuts on medicare and roads and education is unconscionable. >> the bigger picture for a second. we've known for two years that these tax cuts would be expiring the day after tomorrow or the end of the day tomorrow. we've known these automatic cuts, the so-called -- this was going to be happening for more than a year. respect you a little embarrassed as leaders in the congress that it has gotten to this point that tomorrow is new year's eve, the day it all expires and you still don't have an agreement? we've been having this argument for two years. >> it is embarrassing but almost every disagreement we've this is not because of a senate where we've had lots of -- we've come to agreement on many things. there are 50 hard right people in the house who don't want to compromise. they don't believe in any revenues, they say compromise is a dirty word and speaker boe
. the last chance for a deal might be today at 3:00. president obama has scheduled a meeting in the oval office with vice president biden by his side. he's hosting all the major players. the chances of success, depends on who you talk to. >> getting more optimistic. sometimes it's darkest before the dawn. >> this afternoons meetings feels much like optics. >> there are some signs of possible flexibility, but first of all it would be helpful if the house of representatives actually came back. right now we're at a stalemate, because the democrats haven't been willing to consider the issue of spending. >> i want to bring in perry bacon and it edward keith. most of that was just from today. is this meeting to hash out details or perhaps to save face bhf we go over the cliff? >> i would argue today's meeting is they actually thing the outlines of a deal are possible. the president will push today for some agreement in which the middle-class tax cuts are extended for everyone, while the higher rates go up, we also put off the rest of the details for later. the president is pushing for somethin
for a tribute to the victims. the tragedy has been national debate over gun control. president obama is pledging to take action. the newtown united, a new form a group is calling for sensible gun legislation. >> we have 20 children that we are burying. >> we have learned that the day before her death, she just returned from a short trip to a luxury resort in new hampshire. in recent years she felt comfortable about leaving her son at home non-supervised. >> we're all going to continue to keep you updated with chilly conditions in the north bay. mid upper 20s. the thermometer, showing 26 decreased it is called we will be back. . it is cold 26-degrees.. >> welcome back. processions. taking a look at the markets this morning.market futures indicate the nasdaq in the positive, and the dow and the s and p in the negative. stocks end the day down. after little measurable progress was reported in the ongoing budget negotiations in washington. here's a look at yesterdays closing numbers. on wall street. the dow dropped 99-points. after posting 100-point gains over the past two days. both the nasdaq and
? $250,000 which obama originally proposed? $400,000 which he supposedly offered in a revised offer a week ago? and then, of course, the status of the sequester. we have $1.2 trillion in cuts over ten years, half from defense and half from nondefense discretionary spending. is there any indication if there's a deal today what they're talking about in terms of those two issues? >> we're reading tea leaves but we can say that on saturday there were the most senior-level staffers who were doing the nitty-gritty negotiations. we're told paper was exchanged back and forth meaning proposals being outlined and going back and forth with details. we're told the sticking points we'lly do center around that income threshold. where would you set a new tax level awhich everyone would pay higher taxes? how much income could you protect for the majority of americans? 250 is the number the president started with. as you point out he had withdrawn his earlier offer of $400,000 as the income threshold and ali al haidaris say that's because that was a part of a much bigger plan and now the expectation
and i will not. >> chris: and, senator feinstein, you heard president obama say we have to get out of the habit and will not start trading debt ceiling increases for spending cuts. >> i think the key to what he is saying is that you don't affect people at this time. who are on these programs. that you do it in a way that it is way in the future. so, that long term, the programs are essentially changed and more constricted. now that is not entirely popular on my side. but, it is realistic, i think. i think, you know, this is a very hard time for people. and, we need to get by this and have a robust economy, and, and cap happen, i'm convinced, if we solve this and move down you can do those things that enable the programs to be solvent on an extended basis, without impacting people directly now. >> chris: senators, we need to take a quick break, when we come back we'll discuss where the investigation of the benghazi terror attack stands now, and, whether congress will act in the new year to try to prevent more mass murders. ♪ to the best vacation spot on earth. (all) the gulf! it d
and it's not over yet. >>> president obama cuts his christmas vacation short as the clock ticks down on the so-called fiscal cliff. >>> and christmas around the country. why are movies so long. and the long high heft speed train 2. "early today" starts now. >> announcer: this is "early today" for wednesday, december 26ing, 2012. >>> and a very good morning to you, i'm richard lui. christmas was anything but merry on wednesday. at least three deaths are blamed on a weather storm that spawns tornadoes in four states and dumped snow as far as texas. nbc's chris pallone has the latest from alabama. >> oh, wow, oh, jesus, look at that tornado. >> reporter: in mobile, alabama, a christmas surprise no one wished for. a tornado that touched down right near the emergency center. the twister left lots of damage at its waking blowing out first and second floor floor windows. and tearing off the roof at the high school. with trees and power lines down, tens of thousands are without electricity. the storm sent people scrambling for cover. >> one of the customers looked out the window, and he said
michael bloomberg says president obama isn't vigorously enforcing background hecks on gun buyers and he criticized mr. obama for not naming a permanent director for the federal agency that enforced gun laws. ne talked to the mayor today and we pointed out to him that many millions of americans disagree with gun control. >> lots of people think we shouldn't have speed limits. we still have speed limits. lots of people think we shouldn't have public schools. we still have public schools. pus of people are against a lot of different things. fedemocratic society you have to come together and what a majority of the people want. and every time somebody's on a poll the majority of people want sensible gun restrictions. ib pelley: and in your opinion sensible gun restrictions would include what? >> no guns in the hands of minors, no guns in the hands of sriminals, no guns in the hands of people with psychiatric problems, no guns in the hands of people with substance abuse problems, no guns in the hands of people that we put on the no- fly list. we won't let you fly but we'll sell you a gun. wha
everyone under a million dollars keep their tax rates low. president obama says this defies lodger, that people making $800,000, $900,000 should be paying higher taxes. republicans think they can get it through the house. no luck of getting it through the democratic senate at all. second vote which is to sweeten the deal for the republicans who are skeptical is to replace the automatic cuts, a lot of which would hit the defense department with cuts in other programs like the health law and food stamps. >> and tracie, who's coming out in favor of this plan "b"? >> well, among those in favor of it, off qusly john boehner, the house speaker and also paul ryan, the chair of the budget committee and former vice presidential candidate. there have been a lot of questions about whether or not he would come out behind this plan. but he's said that it seems to meet all of the goals that republicans have. there's been white a split within the republican party about just how much of a tax increase, if any, should be accepted. ry ryan's behind it. >> tracie potts in washington. helping us keep
in that direction. the republicans have some leverage as well. two years ago, obama said he didn't want to hurt the economy, so he didn't want to raise rates on anyone. evidently that his job is secure, he's less interested in everybody else's job, so he is interested in raising top rates, capital gains taxes, subchatter "s" corporation taxes. although that's going to be awfully rough on the economy if he pulls the trigger on that. there are also a series of fights where republicans have more leverage than they do early january. that is the debt ceiling and there the republicans have announced ahead of time the boehner rule remains in place. obama wants a trillion dollars in debt ceiling increase and he's planning on having $8 trillion in higher debt over the next decade, he has to pay for it with spending cuts of equal amounts. the republicans could require tax rates come down as part of a debt ceiling increase. a second tool republicans have and have employed against obama is the continuing resolution. >> yeah. >> because the democrats in the senate have not passed a budget in three or four y
, and xi jinping met with president obama in february of last year. they expressed great confidence in united states. they're always asking about how the recovery is going. they believe that we will get our fiscal house in order. they know how dependent they are, and that is why they want a strong -- >> to the understand the internal struggle between the president and congress? >> i think they're starting to understand that more and more. the ambassadors to have our government officials about studied. united states -- they have are government officials who have studied in the united states. the congress does not necessarily speak for the president. >> he said something quite interesting. he said he could not understand why the u.s. government should have three branches, in effect three governments within a government because it was difficult to get stuff done. [laughter] he was right. that is for sure. [laughter] "the new york times" called the new leaders of china and meritocracy of mediocrity. -- a meritocracy of mediocrity. >> there is talk about the last 10 years being the lost
popular president barack obama, trying to win that will be truly the super bowl. and the republican party today is incapable of competing at that level. >> we just had the super bowl. now we talk about the next one. "new york times" reporter jody cantor interviewed a number of clinton aides about the future plans of hillary clinton and they didn't hold back. jody, great to have you with me today. all corners of clinton world went on record with you about this. you point out the down sides ofa white house run in your piece saying the more serious issue here is she's about 2016, the less she can do. no frank, seen it all memoir. no clients, commissions or controversial positions that could prove problematic. given what the aides told you is it likely she's going to go off the grid for the next several years? >> she's definitely going off the grid for a few weeks or months. her plan is to try to exit the department of state by shortly after inauguration day. and then she really is going into seclusion. lots of people have been asking her to commit for events for 2013. the state department ha
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